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Reporter : Yoon Ja-young
Tue, October 4, 2022 | 11:50
Hyundai Oilbank's mobile lab to guarantee oil quality
Hyundai Oilbank opened its “mobile lab” to guarantee fuel quality at gas stations. According to the petroleum and refinery company, the mobile lab travels in a one-ton truck. It has nine kinds of advanced devices for examining both quality and quantity of diverse fuels such as gasoline and diesel. Despite its array of equipment enabling various tests, it boasts mobility thank...
Foodpolis seeks globalization of Korean sauces
Korea boasts a variety of healthy sauces but manufacturers here have made little progress in advancing overseas. Foodpolis, or the National Food Cluster, held an international symposium Wednesday, with experts from Spain, Japan and Korea participating to share their views on the globalization of Korea's sauce industry through innovation.
Cuckoo, Amway 'poor' in sharing growth
Oriental Brewery, Cuckoo, Amway, and Tata Daewoo Commercial Vehicles are poor in sharing growth with small suppliers, while Samsung Electronics, SK Telecom, Hyundai Motor and Kia Motors are doing their best to achieve win-win growth with their contractors.
'KEPCO can endure worsening bottom line'
Korea Electric Power Corp. (KEPCO) can withstand deficits from the government's energy transition policy, but there is a need to change the electricity rating system, according to its CEO.
Innocean, Samsung Welstory to face tougher antitrust rules
The Fair Trade Commission (FTC) is considering toughening regulations on the intra-group trading of conglomerates. Up to 24 affiliates and 214 “daughter” companies including Hyundai Motor Group's advertising company Innocean as well as Samsung Group's food service provider Samsung Welstory may become subject to the new rules.
FSS to expand probe on lending rate irregularities
After finding thousands of irregularities in banks' decisions on lending rates for individual customers, the Financial Supervisory Service (FSS) is expected to look into lending records over the past five years in more detail to uncover any wrongdoing.
SK seeks expansion in global mobility
SK holdings, the holding company of SK Group that specializes in global investment, held a workshop with leading global mobility companies to discuss measures to expand global business.
'440,000 jobs lost due to investment outflow'
The outflow of direct investments cost the country nearly 440,000 jobs last year, a report showed Friday. Experts say Korea should attract foreign direct investment as well as encourage domestic investments to sustain jobs.
Self-employed hit hard by plunging sales
The self-employed, who account for a quarter of the country's total employment, are suffering from plummeting sales amid a sluggish economy. They are facing a pessimistic outlook as consumers' disposable income stagnates while costs increase due to a steep minimum wage hike and shorter work hours.
Korean won continues to weaken against dollar
The Korean currency is weakening against the dollar as global funds are leaving the local market amid concerns over an intensifying trade war between the United States and China and a key rate hike by the Federal Reserve.